Examples of OpCo Limited Liability Company Agreement in a sentence
This Agreement shall be treated as part of the OpCo Limited Liability Company Agreement as described in Section 761(c) of the Code and Sections 1.704-1(b)(2)(ii)(h) and 1.761-1(c) of the Treasury Regulations.
Furthermore, the Group intends to continue its strategy of acquiring companies to increase local scale and broadening its service competencies.
This provision shall not be amended unless corresponding changes are made to the OpCo Limited Liability Company Agreement.
However, the program is explicit ly focused on promot- ing developers of high volume and broad appli- cat ions, rather than niche applicat ions, which most ACAP applicat ions are.
Please read “Provisions of Our Partnership Agreement and the OpCo Limited Liability Company Agreement Relating to Cash Distributions.” If we do not otherwise have sufficient available cash at the end of each quarter, we or OpCo may, but are under no obligation to, borrow funds to pay distributions to our Class A shareholders or OpCo’s unitholders.
Please read “Provisions of our Partnership Agreement and the OpCo Limited Liability Company Agreement Relating to Cash Distributions.” Since we will own all of the managing member interests of OpCo, determinations made by us under the OpCo limited liability company agreement will be made by our general partner.
Amendment of the OpCo Limited Liability Company Agreement General Amendments to the OpCo limited liability company agreement may be proposed only by our general partner.
As described below under “—Provisions of the OpCo Limited Liability Company Agreement Relating to Cash Distributions,” our general partner will have broad discretion to make certain decisions under the OpCo limited liability company agreement, including with respect to the establishment of cash reserves.
Provisions of the OpCo Limited Liability Company Agreement Relating to Cash Distributions Distributions of Available Cash by OpCo General The OpCo limited liability company agreement requires that, within 45 days after the end of each quarter, beginning with the quarter ending , 2015, OpCo will distribute its available cash to its unitholders of record on the applicable record date.
Please read “Provisions of Our Partnership Agreement and the OpCo Limited Liability Company Agreement Relating to Cash Distributions—Provisions of the OpCo Limited Liability Company Agreement Relating to Cash Distributions—Subordination Period.” We will compensate our Sponsors and their affiliates, including our general partner, for managing our business and also reimburse them for expenses and for draws on certain credit support provided on our behalf.